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The History of England in Three Volumes, Vol.III. / From the Accession of George III. to the Twenty-Third Year of the Reign of Queen Victoria cover

The History of England in Three Volumes, Vol.III. / From the Accession of George III. to the Twenty-Third Year of the Reign of Queen Victoria

Chapter 582: FINANCIAL MEASURES.
By Edward Farr
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About This Book

The volume traces British political, parliamentary, and military developments from the accession of George III through the early nineteenth century, chronicling changes of ministry and cabinet, debates over colonial taxation and the American conflict, parliamentary controversies involving figures such as Wilkes and Warren Hastings, questions of Catholic relief and slave-trade abolition, and responses to the French Revolution and Napoleonic wars, including major naval and continental campaigns, the union with Ireland, and domestic legislation on finance, civil liberties, and parliamentary reform.

FINANCIAL MEASURES.

In discussing the military estimates during this session, an addition of 30,000 men was proposed and agreed to. Supplies were demanded in June to the amount of £33,730,000, but the whole granted during the year exceeded £41,000,000. In order to raise this sum, the custom and excise duties were increased, and the income-tax was renewed, though not to its former extent; a duty of one shilling in the pound was imposed on land, to be paid by the landlord, and nine-pence by the tenant. The war taxes were estimated at £12,700,000 annually, but they were to cease at the end of six months after the return of peace, Some of the new taxes imposed were extended to Ireland, and the lord-lieutenant of that country was authorised to raise £1,000,000, by loan.